Problem

Computing and Interpreting Return on AssetsSaunders. Inc., recently reported the following...

Computing and Interpreting Return on Assets

Saunders. Inc., recently reported the following December 31 amounts in its financial statements (dollars in thousands):

Current Year

Prior Year

 

Gross profit

$ 170

$120

Net income

80

40

Total assets

1,000

900

Total shareholders, equity

800

600

Compute return on assets for the current year. What does this ratio measure?

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